The Japanese market extended its unprecedented rally this week, with the victory of Prime Minister Shinzo Abe’s coalition in Sunday’s election raising the prospect of continued stimulus.

Financial stocks attracted buyers after U.S. benchmark 10-year Treasury note yields rose to their highest in more than five months on Tuesday.

The Nikkei opened 0.4 percent higher, and was up 0.2 percent at 21,845.75 in midmorning trade.

With the Dow Jones industrial average closing at a record high, and U.S. yields rising, traders said it was indicative of U.S. economic strength which lifted investor appetite for risky assets.

“As long as U.S. stocks are strong, Japanese stocks will likely follow suit,” said Hikaru Sato, a senior technical analyst at Daiwa Securities. “But there is caution against the rally and I wouldn’t be surprised if the market turns around.”

Although the market was resilient on Wednesday, declining issues outweighed advancing ones by 51 percent to 43 percent.